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Bayhorse Silver ( (TSE:BHS) ) has issued an update.
Bayhorse Silver Inc. has reported significant induced polarization (IP) survey results from its Bayhorse Silver Mine property in Oregon, indicating that low-resistivity zones correlated with known mineralization substantially expand the mineralized footprint and generate new surface and underground drill targets. The new geophysical data suggest a vertically extensive mineralized system and more extensive targets east and north of the current inferred resource, including areas where previous groundwater test work intersected high-grade silver, supporting the company’s plan to commence drilling aimed at refining the deposit’s geometry, potentially growing the existing 6.3-million-ounce inferred silver resource and upgrading portions of it to indicated status.
The most recent analyst rating on (TSE:BHS) stock is a Hold with a C$0.11 price target. To see the full list of analyst forecasts on Bayhorse Silver stock, see the TSE:BHS Stock Forecast page.
Spark’s Take on TSE:BHS Stock
According to Spark, TipRanks’ AI Analyst, TSE:BHS is a Neutral.
The score is primarily pressured by weak financial performance (no revenue, ongoing losses, cash burn, and negative equity). Technicals offer only modest support with some longer-term trend strength but weak near-term momentum. Valuation is constrained by negative earnings and no dividend yield.
To see Spark’s full report on TSE:BHS stock, click here.
More about Bayhorse Silver
Bayhorse Silver Inc. is a silver exploration and production company that owns a 100% interest in the historic Bayhorse Silver Mine in Oregon, USA, which hosts a National Instrument 43-101 inferred resource of 292,300 tons grading 21.65 ounces per ton (673 g/t) for 6.3 million ounces of silver. The company also holds the Pegasus Project in Washington County, Idaho, expanding its footprint in U.S.-based precious metals assets.
Average Trading Volume: 609,695
Technical Sentiment Signal: Buy
Current Market Cap: C$35.24M
Find detailed analytics on BHS stock on TipRanks’ Stock Analysis page.